KG Mobility Platform's K Car Weekly Auction reaches 1,000 sessions

KG Mobility Platform announced that its K Car ‘Weekly Auction’ has reached its 1,000th session. Since its inception in March 2011, a total of 617,000 vehicles have been listed for auction, with 436,000 vehicles successfully sold, resulting in an average winning rate of 70.7%.

The auction operates using an online-to-offline (O2O) model, allowing members to participate in real-time bidding via PC or mobile devices. Currently, the platform utilizes two main auction sites: the Osan auction house, which can accommodate up to 1,700 vehicles, and the Sejong auction house, which can accommodate up to 800 vehicles.

Over the past decade, the business has achieved a compound annual growth rate (CAGR) of over 30% for both sales profit and operating profit. The platform currently serves 1,655 member companies, including 719 export-related businesses. In 2025, the winning rate reached approximately 80%, accounting for 19.5% of all successful bids in the previous year's used car auction market.